Citizens Q2 net income $4.0M ($0.08/share) on 6% revenue growth; insurance issued record $295.2M

CITIZENS, INC.

Revenue $62.1M (+6% YoY); net income $4.0M ($0.08 EPS) vs $6.1M ($0.12) in Q2 2023.
Insurance issued record $295.2M (+86% YoY); direct first year premiums up 85% for seventh consecutive quarter.
Adjusted income before tax $7.1M (vs $6.4M); GAAP income before tax $3.3M due to $3.5M legal fee accrual in trade secret lawsuit.
Cash $26.3M, no debt; book value per Class A share $3.85 (+30% YoY).
Producing agents up 45% since Dec 2023; management expects sales growth in 2024 leading to profit growth in 2025.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.